London Metal Exchange (LME) metals prices ended little changed in floor trading on Thursday, with copper, aluminium and zinc consolidating around recent highs, dealers said.
"It was mostly a 'hold what you have' policy of trading today by investors," a dealer said.
"However, sentiment is all positive and there is a mood to take copper up to $4,500 in the coming sessions, possibly ahead of the weekend."
A strike by 365 workers at FCAB, a part of Chilean miner Antofagasta Plc which serves Codelco and Escondida, helped support sentiment.
The strike entered its second day on Thursday, although a contingency plan helped the company to continue with its massive copper deliveries.
"Momentum is lessening, but still the sequence of fresh record highs continues, thus attempts to push higher are favoured short term, but negated on a close below $4,425," Triland Metals Roy Carson said in a daily note.
Three months copper prices closed at $4,460, from $4,452, while aluminium was at $2,234, from $2,246. Zinc at $1,839, up $14. Tin was at $6,800, up $100, with lead at $1,104, unchanged.
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